DeFi
£12.1bn liquidated as BTC and ETH prices crash | Key points | 04 July 2024
DG. Welcome back to BitPinas Key Points: easily digestible information in concise formats for easy reading. Our feature article today – the cryptocurrency market shows again how unpredictable it can be.
Here’s the latest crypto news from the last 24 hours.
Market Analysis and Updates 📈
Cryptocurrency Price Update
Here are the highlights of the day in cryptocurrencies:
- Bitcoin (BTC): $60,309.47, down 3.0% in the last 24 hours.
- Ethereum (ETH): $3,303.91, down 3.5% in the past 24 hours.
- Solana (SOL):$142.27, up 4.1% from the previous day.
Coin Trends Update
- Megalian: $0.1044, up 27.2% from the previous day.
- Cryptex Finance:$3.95, up 15.6% in the last 24 hours.
- Point: $0.0357, down 12.5% from the previous day.
For daily price updates, check out our article on Facebook.
📺 Tonight: DeFi Webcast
Tonight on the BitPinas Webcast: For the next installment of our beginner’s guide series, where we will speak with Paolo Dioquino of Pendle Finance, DeFi Philippines, and ETH63. In this session, Paolo will cover the basics of decentralized finance (DeFi) and share practical tips to help you navigate this innovative financial landscape.
Featured News: Cryptocurrency Market Sees $200 Million in Liquidations
More than 74,000 traders lost $208 million as Bitcoin and Ethereum prices plummeted.
What is the signification ? This shows how risky and unpredictable the cryptocurrency market can be, especially for those betting on price rises.
- The cryptocurrency market has been volatile due to U.S. monetary policy, global tensions and the upcoming U.S. presidential election, according to Decrypt.
In numbers :
- Bitcoin fell from $62,200 to $59,425, but rebounded to $60,200.
- Ethereum fell from $3,425 to $3,254, now trading at $3,300.
- Solana took a hit, falling 8% to $140.
However: Despite the drop, experts believe prices could rise again later this year. (Coindesk is report (Expectations that Bitcoin could hit $150,000 are still intact.)
What to watch: Keep an eye on Ethereum Spot ETFis expected to begin trading by mid-July, which could boost ETH prices.
- Investors should also watchr Bitcoin mining metrics as conditions suggest prices may be bottoming out, signaling a possible recovery.
Cryptocurrency News in the Philippines 🇵🇭
- BitPinas article on PDAX launches its Hold and Earn promotion.
- Clean announcement his partnership with Alex the parrot for its Ownchain incentive testing program.
- Paytaca released Paytaca Talks Episode #15 which covers the live discussion and presentation during the launch of Paytaca’s P2P exchange and marketplace.
- YGG Esports announcement he will have a live stream discussing ParallelTCG Season 5 on July 5th.
Educational corner 🎓
The airdrop season is not over yet: Look at this updated list airdrops to watch in 2024 — with now over 130 confirmed, ongoing, and potential crypto airdrops for the year.
Regulatory monitoring 📜
Stay informed about the latest regulatory updates and what they mean for you:
- Coinbase and Ripple are leverage a recent court ruling in the SEC’s case against Binance, which rejected claims that secondary sales of BNB were securities, to argue for clearer regulatory guidance on crypto.
- Hong Kong Financial Secretary Christopher Hui noted that regulators will review cryptocurrency regulations in response to market developments.
- South Korean Cryptocurrency exchanges are address concerns on possible mass delistings by launching a comprehensive six-month review of 1,333 cryptocurrencies, mandated by new investor protection laws that went into effect on July 19.
- Monetary Authority of Singapore (MAS) raised the risk level for cryptocurrency exchange platforms from medium-low to medium-high under updated counter-terrorism financing (CFT) laws.
Community Spotlight 🔦
Paulo Dioquino
Meet Paolo Dioquino: He is a notable thought leader within the Philippine web3 community.
- He is part of Pendle Funding.
- Dioquino is also the co-founder of two communities, ETH63 and DeFi Philippines.
- In fact, he is the spokesperson for tonight’s episode Continuing the beginner series with a focus on “DeFi” and the latest developments in this field.
- Discover his web3 journey here.
More news on Web3 and AI 💡
Discover the latest innovations in web3 and AI.
- OpenLedgera blockchain company focused on permissionless, data-centric infrastructure for AI development, raised $8 million in seed funding round.
- Sensitivean open-source AI development platform co-founded by Polygon’s Sandeep Nailwal, raised $85 million in a seed funding round.
- Vitalik Buterin invested in MegaETH, a new blockchain promising 100,000 transactions per second, which raised $20 million in a seed funding round led by Dragonfly Capital.
Web3 Games Section 🎮
The future of web3 is gaming, and here’s the latest news.
- HashKey Group spear a community airdrop via a Telegram game to distribute 10 million HSK tokens ahead of its planned Q3 listing.
- OKX spear “OKX GameSphere”, a platform dedicated to Web3 crypto game developers, offering a range of solutions including Wallet as a Service (WaaS), APIs and game promotion tools to accelerate game launches and improve player engagement.
- Pixels East exploring expand its franchise with additional games within its universe and a potential integration on Telegram to attract more players.
Event Announcements 📅
Do not miss:Upcoming events, webinars and meetups in the crypto space!
Events to come:
Outstanding 🌟
Major updates and announcements from the crypto and blockchain world:
- Telegram mini-app Developers can now exchange Stars, a virtual points system introduced in June, for Toncoin (TON) or discounted ads on Telegram.
- Kraken East considering is partnering with energy providers to use small modular nuclear reactors (SMRs) to power its data centers in North America and Europe.
- Worldcoin builder Tools for Humanity hiring four former executives from Google, X (formerly Twitter) and Apple to strengthen privacy, security and identity management.
Stay connected:
We’d love to hear from you! Reply with your thoughts or questions.
This article is published on BitPinas: £12.1bn liquidated as BTC and ETH prices crash | Key points | 04 July 2024
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
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Check Price action
follow us on X, Facebook And Telegram
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
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